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It would be nice if it actually worked that way, but about 25% of US government spending are debt and not taxes in a normal year. So these bailouts doesn't come
by username90 6y ago
It would be nice if it actually worked that way, but about 25% of US government spending are debt and not taxes in a normal year. So these bailouts doesn't come from your taxes, they are pure government debt that will crash the economy sometimes in the future when the government stops propping up the gdp via endless debt accumulation.
Imagine if they were honest instead and said "We pay these bailouts now and increase taxes from 30% to 50% for the next 10 years to make up for it", how many would be happy?